HEADLINES

Tuesday, January 4, 2011

New law creates big tax headache for rental property owners

from Beltway Confidential


New law creates big tax headache for rental property owners: "Are you one of the millions of Americans who own rental property? Do you enjoy filling out lots of extra tax forms? If so, you're in luck!

Last fall, Congress enacted the Small Business Jobs Act, and according to a provision of the new law that took effect January 1st, rental income is now subject to the same tax reporting...





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